eCredable Press ReleasesPress releases from eCredablehttps://ecredable.com/company-info/press-releasesFinLocker and eCredable Announce Strategic Partnershiphttps://ecredable.com/company-info/press-releases/postid/665/welcome-to-live-blogGeneralFri, 23 Jul 2021 05:24:00 GMT<p>Most Americans will experience a lifelong reliance on credit to qualify for everything from credit cards to home loans. Navigating this series of credit journeys can be quite complex – especially the home buying experience. FinLocker provides an end-to-end user experience that begins with helping the consumer understand their current financial situation, setting financial goals, monitoring their credit, shopping for an affordable home, and preparing for a digital mortgage closing.  eCredable provides a complementary credit building service that helps consumers build better credit scores to qualify for credit cards, student loans, personal loans, auto loans, and home loans. The two companies are announcing eCredable LiftLocker™, which brings the combined benefits of both offerings to address the needs of consumers who are most challenged with demonstrating their creditworthiness to access necessary financial services and products..</p> <p>Homeownership is still an elusive dream for many Americans, but there is a renewed energy amongst many organizations that are committed to helping this dream become a reality. “My involvement with Project REACh has illuminated the need to help people with low to-moderate income – especially people of color – find a faster path to homeownership which is key to financial stability and wealth creation for many families,” said Steve Ely, Chief Executive Officer, eCredable. <a href="https://www.occ.gov/topics/consumers-and-communities/minority-outreach/project-reach.html" target="_blank">Project REACh</a> is an effort being led by the Office of the Comptroller of the Currency (OCC) to foster collaboration between every part of the financial ecosystem that touches the potential home buyer. This includes banks of every size across the United States, national civil rights organizations, non-profits, businesses, and technology companies to reduce the barriers to full participation in the nation’s economy.  </p> <p>Many of the people eCredable and FinLocker are trying to help are “credit invisible,” which is the first hurdle that needs addressing.  “Your credit score is a critical factor in the home loan approval process,” said Ely. “We can help the person who is credit invisible build an initial credit score. This includes young people and immigrants who need to build their credit history and would benefit significantly by adding their rent and utility accounts to their TransUnion credit report. They can also benefit from credit monitoring, and specific advice on how to achieve a credit score that helps them qualify for better mortgage terms.”</p> <p>“Buying a home is a challenging experience for the most experienced homebuyer,” said Henry Cason, Chief Executive Officer, FinLocker. “The process can be intimidating for the first-time homebuyer who does not have someone to guide them to achieve mortgage readiness. We worked with eCredable to create LiftLocker to provide the first-time homebuyer with a tool that guides them through the entire homeownership journey and allows them to engage with their “home buying team” along the way.</p> <p>LiftLocker provides a robust step-by-step home buying journey that includes:</p> <ul> <li> <p>Understanding their current financial situation, which includes a HUD budget used by the first-time homebuyer and the HUD-approved counselor</p> </li> <li> <p>Using TransUnion's CreditCompass™ and VantageScore® Simulator, which educates consumers on how to optimize their credit score</p> </li> <li> <p>A collection of more than 140 videos to educate the homebuyer on the myriad of complex financial topics such as what DTI (debt-to-income) means</p> </li> <li> <p>Searching for a home that they can afford to buy and afford to own</p> </li> <li> <p>Sharing the financial data and documents required to achieve a successful digital mortgage closing</p> </li> </ul> <p>“Project REACh is really gaining momentum based on all the efforts from the many participants that are committed to helping first-time homebuyers,” said Faith Bautista, Chief Executive Officer and Founding Member of the National Diversity Coalition, and President and CEO of The National Asian American Coalition, a founding participant of Project REACh. “We view eCredable LiftLocker as a powerful tool that will increase our capacity and our velocity. We will be able to help more people realize their dream of home ownership. Creative partnerships with innovative fintech’s like FinLocker and eCredable can create safe and responsible “on-ramps” to our country’s financial infrastructure and homeownership-based wealth-building for our underserved communities.”</p> <p>“We believe FinLocker is a game-changer for the mortgage industry,” said Joe Mellman, Senior Vice President, and mortgage business leader for TransUnion. “Our analysis shows that a majority of consumers potentially fit the definition of low-to-moderate income and a significant percent of these people could benefit by leveraging their rent and utility payment histories. When you combine the power of consumer contributed data that eCredable brings to the experience, even more consumers who are currently credit challenged have the opportunity to build their financial resume and qualify for home ownership”.</p> <p>eCredable serves all consumers in the United States. eCredable Lift® allows the consumer to report phone and utility accounts to TransUnion. A branded version of FinLocker will be marketed by eCredable under the name LiftLocker™. LiftLocker will also allow the consumer to report their rental account to TransUnion in the near future. eCredable LiftLocker is available as an app to download from the Google Play store and the Apple store in addition to accessing the web app on your phone, tablet, and laptop at <a href="https://www.eCredable.com" target="_blank">https://www.eCredable.com</a></p> <p><strong>About eCredable</strong></p> <p>eCredable provides credit building services to help consumers and small business owners build better credit scores, by leading them on credit building journeys as simple as applying for a credit card to as complex as buying a home. There are approximately 50 million American adults that do not have traditional credit scores. There are approximately 6 million micro business owners that do not have business credit scores. eCredable empowers these people and businesses to report accounts like phone and utilities to participating consumer and business credit bureaus to build better credit scores and access more affordable financial products and services. The company was founded in 2009, and is headquartered in Alpharetta, Georgia. For more information visit <a href="https://www.eCredable.com" target="_blank">https://www.eCredable.com</a> and <a href="https://business.eCredable.com" target="_blank">https://business.eCredable.com</a></p> <p><strong>About FinLocker</strong></p> <p>Headquartered in St. Louis, Missouri, FinLocker provides a comprehensive personal financial well-being app that financial institutions, mortgage originators, and credit counselors can white-label, and provide to their customers to create goals, save, budget, monitor credit, manage debts, and receive net worth and cash flow analysis, to achieve homeownership and other financial goals. Within the FinLocker app, users can take a readiness assessment before applying for a mortgage, begin their property search, and securely store personal and financial documents, which can be transferred to a lender directly from the app to start their loan application. Financial service providers utilize FinLocker to generate and convert leads, gain market share, cross-sell value-added products, reduce loan processing costs, decrease risk, and create customers for life. For more information, visit <a href="https://www.FinLocker.com" target="_blank">www.FinLocker.com.</a></p> 665VamosPay and eCredable Partner to Help Cardholders Build Credit Historyhttps://ecredable.com/company-info/press-releases/postid/666/vamospay-and-ecredable-partner-to-help-cardholders-build-credit-historyGeneralFri, 19 Mar 2021 00:27:00 GMT<p>VamosPay Mastercard Prepaid Card is proud to announce its partnership with eCredable, a leader in the FinTech space, enabling VamosPay cardholders a quick and easy way to build better credit scores. ¡VamosPay! is in an innovative digital and virtual payment solution, specifically geared toward multicultural communities in the U.S. – a real alternative to cash banking, bank overdraft fees, high interest rates and expensive check cashing fees. This segment needs a full-featured solution that is simple and less expensive to use and one which they can rely on for all their financial needs. VamosPay knows that many in our communities are also new to credit or don’t have a credit score. Others need to raise their credit score faster or rebuild their credit. eCredable Lift® with the VamosPay card now allows consumers to link their utility accounts (such as power, water, phone, cable, etc.) – and provide the opportunity to raise their credit scores in just a few days bringing a much-needed solution to the communities we serve.</p> <p>“VamosPay is committed to helping our communities build stronger and more secure financial futures.” said Douglas McGann, VamosPay president. “We are proud to partner with the innovative experts at eCredable to bring the critical service of credit building for the multicultural communities that we serve.”</p> <p>“We are thrilled to be announcing our partnership with VamosPay,” said Steve Ely, CEO of eCredable. “Paying your account with your VamosPay card is not only smart and convenient; it also helps you build a more useful credit history once you are enrolled in eCredable Lift.”</p> <p>Building a solid and useful credit history is an essential part of truly being able to participate in today’s economy – including finding better jobs, enabling the purchase of a new home, getting an auto loan or qualifying for a small business loan. VamosPay is the first prepaid debit card of its kind that is providing a solution that cardholders can use to help build their credit. Go to <a href="https://www.vamospay.com" target="_blank"> www.vamospay.com</a> to learn how to enroll in eCredable Lift and build a more useful credit history.</p> <p><strong>About VamosPay</strong></p> <p>VamosPay is a financial services alternative helping individuals reach greater economic stability and independence with a convenient, secure and financial wellness-focused full-service banking solution. VamosPay’s digital and prepaid card product, a Mastercard Prepaid Card, is striving to empower our communities with access to a digital banking solution – it is the only virtual and digital card of its kind. VamosPay is dedicated to serving our cardholders who truly deserve a better solution from financial institutions.</p> <p>BY USING THIS CARD YOU AGREE WITH THE TERMS AND CONDITIONS OF THE CARDHOLDER AGREEMENT AND FEE SCHEDULE, IF ANY. This card is issued by Metropolitan Commercial Bank (Member FDIC) pursuant to a license from Mastercard International. “Metropolitan Commercial Bank” and “Metropolitan” are registered trademarks of Metropolitan Commercial Bank ©2014. Card program administered by Cascade Financial Technology Corp.</p> <p><strong>About eCredable</strong></p> <p>eCredable is a Data Furnisher focused on the 50 million adults considered to be “credit invisible”, and the 6 million small businesses that typically lack payment history in their business credit files. eCredable empowers consumers to include phone, internet, and utility information in their TransUnion credit report which produces traditional credit scores lenders use when assessing creditworthiness – scores like FICO Score® 8 and VantageScore® 3.0. eCredable empowers small business owners to include phone, internet, and utility information in multiple business credit files which produce business credit scores lenders use when assessing creditworthiness. The company was founded in 2009, and is headquartered in Alpharetta, Georgia. For more information visit www.eCredable.com and www.Business.eCredable.com</p> <p>Learn more about the VamosPay Prepaid Card from Mastercard at <a href="https://www.vamospay.com" target="_blank"> www.vamospay.com</a> or about eCredable Lift at <a href="https://www.ecredable.com"> www.ecredable.com</a></p> 666Business Credit Reports and eCredable Help Small Businesses Build Credithttps://ecredable.com/company-info/press-releases/postid/668/business-credit-reports-and-ecredable-help-small-businesses-build-creditGeneralWed, 18 Oct 2017 00:28:00 GMT<p>eCredable, The Consumer’s Credit Bureau™, and Business Credit Reports, the largest independent provider of business credit information in the U.S., today announced a strategic partnership that will help millions of small business owners nationwide build and enhance their Advantage Pro™business credit reports.</p> <p>“Since 2009, eCredable has been helping consumers leverage everyday payments for bills like rent, utilities and insurance to build a credit score that lenders can use in underwriting credit cards, personal loans, auto loans, and home loans” said Steve Ely, CEO of eCredable. “Today, we are giving Small Business Owners this same powerful capability and are delighted to bring this new product to market with the help of the team at Business Credit Reports.”</p> <p>There are about 29 million small businesses that have less than 100 employees. Most of these small businesses (especially micro businesses with less than 5 employees) do not have a business credit report and score. Without a business credit history, they are unable to apply for business credit. Consequently, small business owners rely on their personal credit to apply for a business line of credit. Having a business credit report and score, something larger businesses take for granted, allows them to separate their personal and business credit histories. This significantly minimizes the financial risk for small business owners who put their personal assets at risk when applying for business credit in their own name.</p> <p>eCredable will enable small business owners to share their phone, internet, and utility payment histories with Business Credit Reports to build or expand their Advantage Pro business credit report and potentially qualify for business loans and credit lines.</p> <p>“Business Credit Reports has been providing credit information on businesses of all sizes since 1989. We have had tremendous success working with data from Dun & Bradstreet, Equifax, and Experian to help our 10,000 users make decisions about business credit for their customers and prospects,” said Pam Ogden, President of Business Credit Reports. “eCredable allows us to significantly expand the market we serve by providing us with additional information on the payment history of small businesses at the lower end of the market that has been nearly impossible to acquire - until now”.</p> <p>eCredable works directly with small business owners leveraging technology to acquire payment history for bills like gas, water, power, mobile phone, land line, internet, cable and satellite TV. This data is very valuable in understanding the creditworthiness of consumers and small business owners with little or no credit history. This new partnership will empower small business owners to create a more robust business credit report and score, and provide access to affordable financial products from mainstream financial service providers, avoiding expensive loans and credit lines from alternative providers.</p> <p>eCredable is currently available to all consumers and small business owners in the United States. For more information, visit <a href="http://business.eCredable.com" target="_blank">http://business.eCredable.com</a></p> <p><strong>About eCredable</strong></p> <p>eCredable, The Consumer’s Credit Bureau™, is a consumer-friendly credit bureau focused on the 45 million adults considered to be “credit invisible”, and the 29 million small businesses that typically lack payment history in their business credit files. eCredable connects consumers to lenders based on our AMP Credit Score® derived from payments for rent, utilities and insurance. eCredable empowers small business owners to include phone, internet, and utility information in their business credit files which produce business credit scores lenders use when assessing creditworthiness. AMP Connect Plus® allows users to automatically download their monthly bill payment history to their eCredable Profile and create a verified AMP Credit Report® that meets all financial industry standards. The consumer can then share their AMP Credit Report and AMP Credit Score with any potential creditor, service provider or employer. eCredable also provides substantial financial education to assist consumers and small business owners in understanding the complexities of the financial services marketplace. AMP stands for All My Payments. The company was founded in 2009, and is headquartered in Alpharetta, Georgia. For more information visit <a href="http://www.eCredable.com" target="_blank">http://www.eCredable.com</a></p> <p><strong>About Business Credit Reports, Inc.</strong></p> <p>Business Credit Reports is the largest independent provider of credit information on businesses in the USA, Canada and international and is uniquely licensed to offer Experian, Dun & Bradstreet, Equifax, Graydon, Creditreform and Ansonia information. Reports are delivered online with one login and one invoice via BCR’s cloud-based report gateway. Offering a proprietary suite of reports blending information from Experian, Dun & Bradstreet and Equifax with robust analytics, relevant scores and meaningful recommendations, BCR offers pay-as-you-go monthly billing with no minimums, no annual fees and no contracts required. Since 1989, over 10,000 users have relied on BCR as a trusted and innovative leader in business credit. For more information visit <a href="http://www.BusinessCreditReports.com" target="_blank">www.BusinessCreditReports.com</a></p> 668eCredable and Urjanet Announce Strategic Partnershiphttps://ecredable.com/company-info/press-releases/postid/669/ecredable-and-urjanet-announce-strategic-partnershipGeneralTue, 20 Jun 2017 00:28:00 GMT<p>eCredable, The Consumer’s Credit Bureau™, and Urjanet, the world-wide leader for utility data, today announced a strategic partnership to provide extensive access to utility and telecom payment data that can be used in a variety of industries - most notably financial services. eCredable can provide this data to Consumer and Business Credit Bureaus, Lenders, and Credit Card Issuers desiring FCRA compliant data.</p> <p>Utility and telecom payments fit into the category of so-called “alternative credit data” which has become top-of-mind with the financial services industry. The Consumer Financial Protection Bureau (CFPB) has indicated a strong desire to see companies leverage alternative credit data to create solutions to help consumers and small business owners who are “credit invisible” gain access to affordable financial services. Most utility and telecom companies do not report to the major credit bureaus, creating the need to acquire this valuable information with the assistance of the empowered consumer.</p> <p>“Since 2009, eCredable has been helping consumers leverage everyday payments for bills like rent, utilities and telecom to build a credit score lenders can use in underwriting credit cards, personal loans, auto loans, and home loans” said Steve Ely, CEO of eCredable. “Acquiring utility and telecom payment data efficiently and affordably is essential to solving the problem of helping consumers and small business owners demonstrate their creditworthiness, even when no traditional credit history is present. Urjanet helps us address this challenge.”</p> <p>“Urjanet has built an expansive network of connections to more than 4,000 utility and telecom companies around the world”, said Sanjoy Malik, CEO of Urjanet. “The financial services sector operates under a myriad of complex regulations that must be adhered to, especially when handling consumer data. We are excited to help eCredable unleash the power of this data by working directly with consumers and small business owners who can benefit from sharing their payment histories with a wide variety of businesses that value this information very highly”.</p> <p>eCredable leverages Urjanet technology to access how consumers and small business owners pay bills like gas, water, power, mobile phone, land line, internet, cable and satellite TV. This data has been demonstrated to be very valuable in understanding the creditworthiness of consumers with little or no credit history. There are an estimated 45 million adults in the U.S. who are not scoreable using traditional scoring methods that can benefit from including this information in their eCredable AMP Credit Score®. This will empower these consumers to access affordable financial products from mainstream financial service providers and avoid expensive loans from alternative providers.</p> <p>There are 25 million small businesses that have less than 19 employees, of which 10 million have less than 5 employees. Small business owners typically rely on their consumer credit to apply for business lines of credit. When no credit history is available, they are also unable to apply for credit. Many small businesses (especially micro businesses with less than 5 employees) rarely have a business credit score. Having a business credit score would allow them to create some separation between their consumer credit history and their business credit history, avoiding penalizing the small business owner’s personal credit score.</p> <p>Beyond powering the AMP Credit Score, eCredable intends to become “The Consumer’s Data Furnisher™” and provide FCRA-compliant tradelines, reports, and scores to other Consumer and Business Credit Bureaus, Lenders, Credit Card Issuers, and Landlords. This patent pending process will allow these organizations to acquire additional information to further assess credit risk for all consumers and small business owners across the entire credit spectrum, from those consumers who have no traditional credit history up to, and including, consumers with a robust credit history.</p> <p>eCredable is currently available to all consumers in the United States. For more information, refer to <a href="http://www.eCredable.com" target="_blank"> http://www.eCredable.com</a></p> <p><strong>About eCredable</strong></p> <p>eCredable, The Consumer’s Credit Bureau™, is a consumer-friendly credit bureau focused on the 45 million adults considered to be “credit invisible”. eCredable connects these consumers to lenders based on a credit score derived from payments for rent, utilities, mobile phone, and insurance. AMP Connect® Plus allows consumers to automatically download their monthly bill payment accounts to their eCredable Profile, monitor their progress towards their AMP Credit Score® goal with AMP Score Watch®, request verification of their payment history for accounts that cannot be automatically updated, and create a verified AMP Credit Report® that meets all financial industry standards. The consumer can then share their AMP Credit Report and AMP Credit Score with any potential creditor, service provider or employer. eCredable uses a unique scoring model that shows the consumer - and the potential creditor - where the consumer’s credit score stands on a clear, straightforward scale of A to F along with a numerical score in the range of 1-100. eCredable also provides substantial financial education to assist consumers in understanding the complexities of the financial services marketplace. AMP stands for All My Payments. The company was founded in 2009, and is headquartered in Alpharetta, Georgia.</p> <p><strong>About Urjanet</strong></p> <p>Urjanet is the global leader in utility data aggregation. Our technology collects, processes, and delivers data from over 4,000 electric, natural gas, water, waste, telecom, and cable utilities worldwide. The data we provide can be configured and integrated into any application to support your exact utility data needs. For more information, visit <a href="http://www.urjanet.com" target="_blank">www.urjanet.com.</a></p> 669Leandingpoint eCredable Team Uphttps://ecredable.com/company-info/press-releases/postid/670/leandingpoint-ecredable-team-upGeneralWed, 22 Mar 2017 00:29:00 GMT<p>eCredable, The Consumer’s Credit Bureau™, announced a new agreement that will provide an opportunity for more consumers to apply for personal loans from LendingPoint.</p> <p>“Every day people come to eCredable looking for affordable personal loans,” said Steve Ely, CEO of eCredable. “Some have no credit history at all and can’t qualify for affordable loans. With this agreement, we look forward to helping many more people qualify for a loan from LendingPoint.”</p> <p>LendingPoint is a balance sheet lender built for the modern world, with a vision to revolutionize access to credit. The company uses a unique credit modeling process that adds other dimensions to credit analytics – allowing LendingPoint to get a more complete financial story of the customer and approve more people who otherwise may have been overlooked by traditional FICO results.</p> <p>eCredable’s mission is to help our Members manage their financial health for the long term. By providing awareness of quality companies like LendingPoint, we are helping them achieve their financial goals and avoid doing business with lenders who charge exorbitant financing terms.</p> <p>“A person’s credit score is not their complete financial story, and so a lot of creditworthy people get overlooked when it comes to qualifying for a loan,” said Juan Tavares, Chief Strategy Officer of LendingPoint. “We’re in the business of unlocking access to affordable loans, whether you need it for home or auto repair, a wedding, or your dream vacation. We look forward to working with eCredable to serve even more people and help them improve their financial lives.”</p> <p>eCredable is available to all consumers across the United States. LendingPoint is available in 17 states, with nationwide rollout expected in the first half of the year. For more information, refer to http://www.eCredable.com/LendingPoint</p> <p><strong>About eCredable</strong></p> <p>eCredable, The Consumer’s Credit Bureau™, is a consumer-friendly credit bureau focused on the 45 million adults considered to be “credit invisible”. eCredable connects these consumers to lenders based on a credit score derived from payments for rent, utilities, mobile phone, and insurance. AMP Connect® Plus allows consumers to automatically download their monthly bill payment accounts to their eCredable Profile, monitor their progress towards their AMP Credit Score® goal with AMP Score Watch®, request verification of their payment history for accounts that cannot be automatically updated, and create a verified AMP Credit Report® that meets all financial industry standards. The consumer can then share their AMP Credit Report and AMP Credit Score with any potential creditor, service provider or employer. eCredable uses a unique scoring model that shows the consumer - and the potential creditor - where the consumer’s credit score stands on a clear, straightforward scale of A to F along with a numerical score in the range of 1-100. eCredable also provides substantial financial education to assist consumers in understanding the complexities of the financial services marketplace. AMP stands for All My Payments. The company was founded in 2009, and is headquartered in Alpharetta, Georgia.</p> 670South Pacific Financial Corporation and eCredable Team Uphttps://ecredable.com/company-info/press-releases/postid/671/south-pacific-financial-corporation-and-ecredable-team-upGeneralTue, 07 Apr 2015 00:29:00 GMT<p>eCredable, a credit reporting agency that helps consumers without a traditional credit history prove their creditworthiness to potential creditors, today announced a new relationship with South Pacific Financial Corporation (SPFC), a mortgage banker that provides a direct retail lending experience to consumers in many western states.</p> <p>SPFC provides mortgages across the full spectrum of mortgage products including FNMA, FHLMC , GNMA, FHA , VA, RHS and CalHFA.  SPFC will use eCredable only for FHA loans.</p> <p>“We are very excited to be working with South Pacific Financial Corporation, a leading provider of mortgages to thousands of homeowners,” said Steve Ely, CEO of eCredable.  “Many of our customers are younger people or immigrants who have not yet established traditional credit histories but want to buy their own homes in the next few years.  We verify their monthly on-time payments to help them build a credit history that includes our credit score.  SPFC will use eCredable’s  AMP Credit Report® and AMP Credit Rating® when underwriting FHA loans, giving more  home buyers access to affordable home loans.”</p> <p>“We are committed to helping as many consumers as possible achieve the dream of homeownership,” said John Johnston, CEO of South Pacific Financial Corporation.  “Many consumers choose to apply for FHA loans, due to the many benefits this type of loan has to offer.  eCredable has developed an innovative approach to using on-time payments consumers make to build a credit report and score we can use in underwriting FHA loans.  This is a real win for the consumer – especially consumers who are financially responsible, but just haven’t built a traditional credit history yet.”</p> <p>“eCredable uses bill payments that are not typically reported to the national credit bureaus to create a credit report and credit rating which can be used by lenders and creditors to qualify the risk of the consumer.  Bills like rent, mobile phone, utilities, and insurance have proven to be predictive in determining risk of payment default.  eCredable’s product guides the consumer on a journey of building their own AMP Credit Report® with contains verified payment information. The AMP Credit Report(R) includes the AMP Credit Rating®, which lets both the consumer and the lender know where the consumer stands on a scale of A to F.</p> <p>There is no fee to sign-up for eCredable, enter your account information, and see your estimated AMP Credit Rating.  There is a one-time charge to verify payment history at the time of application.</p> <p>For more information, please visit <a href="/">www.eCredable.com</a>.</p> <p><strong>About eCredable</strong></p> <p>eCredable is a credit bureau that helps consumers demonstrate their creditworthiness to prospective creditors. Launched in 2009, eCredable allows creditors to comply with the Equal Credit Opportunity Act (ECOA), which requires any creditor using credit related information to assess the creditworthiness of an individual to consider any similar payment information the consumer puts forth to demonstrate their creditworthiness. Their patent-pending credit information gathering service allows consumers to record their monthly bill payment accounts, request verification of their payment history, and create a verified  AMP Credit Report<sup>®</sup> that meets all financial industry standards. The consumer can then share their  AMP Credit Report and  AMP Credit Rating<sup>®</sup> with any potential creditor, service provider or employer. eCredable uses a unique  AMP Credit Rating that shows the consumer, and the potential creditor, where the consumer’s credit rating stands on a clear, straightforward scale of A to F. Their  AMP Credit Rating provides a powerful tool to assist the consumer in understanding the importance of making payments on time. AMP stands for "All My Payments". The company is headquartered in Alpharetta, Georgia.</p> <p><strong>About South Pacific Financial Corporation</strong></p> <p>Founded in 1982, Irvine, CA-based South Pacific Financial Corporation (SPFC) offers a diverse array of mortgage loan programs at competitive rates. At SPFC, we understand that we reach our goals by helping others reach theirs. In Mortgage Executive Magazine (2014), SPFC was voted one of the 50 Best Mortgage Companies to Work for in America. For more information on SPFC, call (949) 365-4959 or visit www.spfcnet.com.</p> 671eCredable Adds Industry Veterans to Advisory Boardhttps://ecredable.com/company-info/press-releases/postid/672/ecredable-adds-industry-veterans-to-advisory-boardGeneralTue, 03 Jun 2014 00:30:00 GMT<p>eCredable, an alternative credit reporting agency that helps consumers demonstrate their creditworthiness to potential creditors, today announced a new addition to the eCredable Advisory Board, comprised of leading educators, consumer advocates, banking, and credit industry experts. Joining the eCredable board is:</p> <p>Robert Fite has over 20 years of experience in the credit & risk management industry, with expertise in data, analytics, and decision management technology. For the past 20 years, Rob has held various management and or leadership positions with Experian (one of the three national credit bureaus), Fair Isaac (a global provider of analytic and decision management solutions), and LexisNexis (one of the largest providers of public record data in the United States). Over the years Rob has had the opportunity to work with many of the credit industry’s largest providers of credit, including many major banks, credit card issuers, auto finance companies, alternative loan providers, and credit unions. His unique background and years of experience has enabled him to become an industry expert in credit decisioning – in both traditional and alternative credit data sources.</p> <p>The eCredable Advisory Board meets regularly with the company’s senior management team and its partners to provide critical guidance as eCredable builds the credit bureau into the leading provider of alternative credit information – driven by the empowered consumer.</p> <p>“We are very proud that Rob has agreed to help eCredable achieve its goal of becoming the credit bureau of choice for consumers choosing to leverage the routine bills they pay to build or enhance their credit profile in the United States,” said Steve Ely, CEO of eCredable and a former Equifax senior executive. “His knowledge and insight will be invaluable to our team and our partners as eCredable continues to grow its presence with both consumers and the credit granting community.”</p> <p>For more information, please visit <a href="/">www.eCredable.com</a>.</p> <p><strong>About eCredable</strong></p> <p>eCredable is a credit bureau that helps consumers demonstrate their creditworthiness to prospective creditors. Launched in 2009, eCredable allows creditors to comply with the Equal Credit Opportunity Act (ECOA), which requires any creditor using credit related information to assess the creditworthiness of an individual to consider any similar payment information the consumer puts forth to demonstrate their creditworthiness. Their patent-pending credit information gathering service allows consumers to record their monthly bill payment accounts, request verification of their payment history, and create a verified  AMP Credit Report<sup>®</sup> that meets all financial industry standards. The consumer can then share their  AMP Credit Report and  AMP Credit Rating<sup>®</sup> with any potential creditor, service provider or employer. eCredable uses a unique  AMP Credit Rating that shows the consumer, and the potential creditor, where the consumer’s credit rating stands on a clear, straightforward scale of A to F. Their  AMP Credit Rating provides a powerful tool to assist the consumer in understanding the importance of making payments on time. AMP stands for "All My Payments". The company is headquartered in Alpharetta, Georgia.</p> 672Catholic Charities Atlanta Teams with eCredablehttps://ecredable.com/company-info/press-releases/postid/673/catholic-charities-atlanta-teams-with-ecredableGeneralWed, 18 Sep 2013 00:31:00 GMT<p>eCredable, a credit reporting agency that helps consumers prove their creditworthiness to potential creditors, and Catholic Charities Atlanta, are working together to help consumers who are trying to improve their financial lives.</p> <p>eCredable provides a suite of online tools for consumers to help with financial literacy, budgeting, paying bills on time, and building a credit history that allows them to apply for an auto loan or home loan – even if they don’t have a traditional credit history. eCredable is a Credit Reporting Agency that uses the bills people are already paying (like rent, utilities, and insurance) to overcome the challenge of demonstrating their creditworthiness to a potential creditor.</p> <p>“We are very proud that Catholic Charities Atlanta has chosen to partner with eCredable,” said Steve Ely, CEO of eCredable. “Our mission is to help people understand the importance of developing and maintaining sound financial behaviors, which in turn help them gain access to affordable mainstream financial services. The consumer can use the product by themselves, or they can collaborate with their counselor at Catholic Charities Atlanta to make sure they stay the course and achieve their goals”.</p> <p>“We are committed to helping our clients understand the importance of developing credit, a key component of long-term financial independence”, said Miguel R. San Juan, CEO of Catholic Charities Atlanta. “Working with eCredable provides our financial counselors with an additional tool to offer the clients we work with in our housing counseling and financial literacy programs. The free online service from eCredable will help those we serve without traditional credit to become educated on the financial institution process, apply for a loan, build assets, and most importantly build credit for self-sufficiency and future success”.</p> <p>An important outcome of this collaboration is to see people go through the process of demonstrating their creditworthiness, using eCredable’s AMP Credit Rating®. eCredable only works with lenders who report monthly payments to the national credit bureaus, which helps the consumer build a traditional credit history which is essential for the long-term.</p> <p><strong>About eCredable</strong></p> <p>eCredable is a Credit Reporting Agency that helps consumers gain access to mainstream financial services, using their payment history for bills like rent, utilities, and insurance in place of the traditional debt based credit. These bills are not typically reported to the national credit bureaus, resulting in 1 out of 4 adults being excluded from the automated scoring systems upon which most credit and lending decisions are dependent. Consumers can enroll in eCredable for free, enter their bill payment information, and immediately receive an assessment of how they look to a potential creditor so they can pre-qualify for credit lines, auto loans, and home loans.   Essential tools like financial education, budgeting, financial calculators, automated bill payment reminders, a credit rating simulator, and a monthly report card assist consumers who need help on their journey of achieving their desired AMP Credit Rating®. eCredable only works with lenders who report the consumer’s monthly payment to the national credit bureaus, building a bridge to credit for the consumer, and providing meaningful alternatives to more expensive alternative financial services. eCredable was founded in 2009, and is headquartered in Alpharetta, Georgia.</p> <p><strong>About Catholic Charities Atlanta</strong></p> <p>Catholic Charities Atlanta is an advocate and friend for individuals and families facing adversity. We provide a holistic combination of accredited social services − life skills education, counseling, family stabilization, and immigration legal services − that remove barriers to self-sufficiency and wholeness. Our services are tailored for the unique circumstances of the people we serve, and our impact is real and measurable. We are faith-based and serve our neighbors professionally, compassionately, in multiple languages and regardless of background. Since 1953, we have helped over one million people reach wholeness and self-sufficiency from adversity.<br /> For more information about Catholic Charities Atlanta, please visit <a href="/LinkClick.aspx?link=http%3a%2f%2fwww.catholiccharitiesatlanta.org%2f&tabid=961&portalid=0&mid=3412" target="_blank" title="Catholic Charities Atlanta">www.catholiccharitiesatlanta.org</a> or call 404.920.7725.</p> 673Float Money and eCredable Help Consumershttps://ecredable.com/company-info/press-releases/postid/674/float-money-and-ecredable-help-consumersGeneralThu, 05 Sep 2013 00:31:00 GMT<p>eCredable, an alternative credit reporting agency that helps consumers prove their creditworthiness to potential creditors, and Float Money LLC (Float), a company that helps consumers improve their financial life by leveraging their everyday shopping expenses to build credit, have teamed up to help more consumers benefit from earning a line of credit at Float.</p> <p>More than 60 million Americans are known as a “thin file” or “no file” in the credit industry. This means they don’t have enough information at the national credit bureaus to have a credit score, which means they can’t qualify for most lines of credits and loans. Being enrolled in eCredable will allow these consumers to use the online suite of tools from eCredable to create a digital record of all of their payments that can be evaluated and used to build a solid credit profile. Float uses a variety of information sources to determine just how much credit to extend to a consumer, but will now use eCredable to help qualify even more no-file or thin file consumers.</p> <p>“Combining the services of Float and eCredable will help millions of consumers who currently have no access to affordable loans,” said Steve Ely, CEO of eCredable. “We already enable our customers to qualify for an auto loan or home loan. The addition of Float to our marketplace allows the consumer to access a general-purpose interest-free loan from Float, based on their eCredable AMP Credit Rating®”.</p> <p>"We are excited to add eCredable to our Financial Health Partners Platform,” said Shane Hadden, CEO of Float. “At Float, we want to provide every opportunity for our members to improve their access to safer, smarter credit. eCredable does this by helping people get credit for bill payments that would otherwise go unnoticed – and who wouldn’t want an interest-free general-purpose loan just for joining our loyalty shopping program?”</p> <p><strong>About eCredable</strong></p> <p>eCredable is a Credit Reporting Agency that helps consumers gain access to mainstream financial services, using their payment history for bills like rent, utilities, and insurance in place of the traditional debt based credit. These bills are not typically reported to the national credit bureaus, resulting in 1 out of 4 adults being excluded from the automated scoring systems upon which most credit and lending decisions are dependent. Consumers can enroll in eCredable for free, enter their bill payment information, and immediately receive an assessment of how they look to a potential creditor so they can pre-qualify for credit lines, auto loans, and home loans. Essential tools like financial education, budgeting, financial calculators, automated bill payment reminders, a credit rating simulator, and a monthly report card assist consumers who need help on their journey of achieving their desired AMP Credit Rating®. eCredable only works with lenders who report the consumer’s monthly payment to the national credit bureaus, building a bridge to credit for the consumer, and providing meaningful alternatives to more expensive alternative financial services. eCredable was founded in 2009, and is headquartered in Alpharetta, Georgia.</p> <p><strong>About Float Money LLC</strong></p> <p>Founded in 2011, Float is an online lender focused on improving their members’ financial health by leveraging an asset every consumer has – their shopping loyalty. Float offers general-purpose interest-free loans to members who do their shopping for everyday items through the Float network of merchants. This network of over 1,000 online and local merchants includes top national brands, boutiques, groceries, restaurants and gas stations. For more information, visit http://www.floatmoney.com.</p> 674NCRA Honors Susan Cataldohttps://ecredable.com/company-info/press-releases/postid/675/ncra-honors-susan-cataldoGeneralTue, 20 Nov 2012 00:32:00 GMT<p>eCredable, an alternative credit reporting agency that helps consumers prove their creditworthiness to potential creditors, today announced that Susan Cataldo, Chief Compliance Officer, has been recognized by the National Credit Reporting Association (NCRA) as a 2012 Board Member of the Year for her role as Co-Chair of the NCRA Education and Compliance Committee.</p> <p>“We are very proud of Susan and her accomplishments,” said Steve Ely, CEO of eCredable. “Susan’s active participation for the past 12 years with the NCRA has provided Susan with a tremendous opportunity. Her role as a thought leader, as well as a contributor on many different committees over the years, has resulted in her being recognized by her peers and the management of the NCRA”.</p> <p>Susan served on the Board of Directors of the NCRA for 12 years. She served as President of the association in 2007, and was recognized as Board Member of the Year in 2003.</p> <p><strong>About the National Credit Reporting Association.</strong></p> <p>Founded in 1992, the National Credit Reporting Association, Inc. (NCRA) is a national trade organization of consumer reporting agencies and associated professionals that provide products and services to hundreds of thousands of credit grantors, employers, landlords and all types of general businesses.</p> <p>Headquartered in the Chicago suburb of Bloomingdale, Illinois, NCRA serves members in the United States and Puerto Rico. NCRA's membership includes two of every three mortgage credit reporting agencies in the United States that can produce a credit report that meets the requirements of Fannie Mae, Freddie Mac and HUD for mortgage lending. Additionally, our members produce reports for employment screening and tenant screening.</p> <p>NCRA members must agree to comply with all federal and state applicable laws, including the Fair Credit Reporting Act, the Fair and Accurate Credit Transactions Act, and the Gramm- Leach-Bliley Act. These laws define the appropriate procedures for obtaining consumer and credit information, establishing the responsibilities and privacy protocols of the users and furnishers of consumer information.</p> <p>NCRA's Online Study Guide, Employee Certification Program, and Comprehensive Information Security Program set one of the most stringent " Best Practices" standards in the industry to assist its members in adhering to the Federal regulations. NCRA's members are committed to solid business practices, including agreement with the associations Code of Ethics.</p> <p>NCRA shares its knowledge and understanding of the industry with its members through the Annual Conference, Educational Tele- Seminars, and weekly educational publications..</p> <p>For more information, please visit http://www.ncrainc.org/</p> <p><strong>About eCredable</strong></p> <p>eCredable is an alternative Credit Reporting Agency that helps consumers demonstrate their creditworthiness to prospective creditors. Launched in 2009, eCredable allows creditors to comply with the Equal Credit Opportunity Act (ECOA), which requires any creditor using credit related information to assess the creditworthiness of an individual to consider any similar payment information the consumer puts forth to demonstrate their creditworthiness. Our patent-pending credit information gathering product allows consumers to record their monthly bill payment accounts, request verification of their payment history, and create a verified AMP Credit Report® that meets all financial industry standards. The consumer can then share their AMP Credit Report® and AMP Credit Rating® with any potential creditor, service provider or employer. eCredable uses a unique AMP Credit Rating ® that shows the consumer, and the potential creditor, where the consumer’s credit rating stands on a clear, straightforward scale of A to F. Our AMP Credit Rating® provides a powerful tool to assist the consumer in understanding the importance of making payments on time. AMP stands for All My Payments. The company is headquartered in Alpharetta, Georgia.</p> 675eCredable and Julie Stav Join Forces to Empower More Than 50 Million Americans Seeking Access to Credithttps://ecredable.com/company-info/press-releases/postid/676/ecredable-and-julie-stav-join-forces-to-empower-more-than-50-million-americans-seeking-access-to-creditGeneralMon, 19 Sep 2011 00:32:00 GMT<p>eCredable, an alternative credit reporting agency that helps consumers prove their creditworthiness to potential creditors, today announced it has received the endorsement of Julie Stav, the U.S.’s leading Hispanic-American financial guru and planner, bestselling author, and host of an acclaimed daily call-in radio show. Julie speaks to the millions of women and U.S. Hispanics who struggle to prove they are creditworthy and good customers.  The eCredable AMP Credit Report™ is a credit report that includes verified regular bills that prove you pay your bills on time.</p> <p>"So many hard working people simply don’t have access to mainstream financial products, because they aren’t yet a part of the traditional credit system,” said Stav. “eCredable is a bridge these consumers can use to cross over to access affordable rates on homes, cars, and other financial products."</p> <p>"Julie teaches people from all walks of life how to build a solid financial foundation on which they can grow,” said Steve Ely, CEO of eCredable.  “Almost 25 percent of the U.S. adult population doesn’t have a traditional credit history, which means they struggle to qualify for good financial products.  We are uniquely positioned to help these same people prove they are creditworthy by simply helping them verify the bill payments they routinely make on time and as promised.  Our AMP Credit Rating™ helps them know where they stand on a scale of A-F."</p> <p>Julie was recently acknowledged for her life-long contribution to the Latino community, by being featured in the HBO documentary movie, “The Latino List”.  Her inclusion in this group of the most influential Latino’s in the United States is a testament to her commitment to helping people improve their lives through sound financial planning.  THE LATINO LIST will make its debut on Wednesday, September 28 (9:00-10:00 p.m. ET/PT) on HBO Latino, and Thursday, September 29 (8:00-9:00 p.m.) on the main HBO channel in celebration of Hispanic Heritage Month.</p> <p>For more information, please visit <a href="http://www.eCredable.com/julie">www.eCredable.com/julie</a></p> <p><strong>About eCredable</strong></p> <p>eCredable is an alternative credit service that helps consumers demonstrate their creditworthiness to prospective creditors. Launched in 2009, eCredable allows creditors to comply with the Equal Credit Opportunity Act (ECOA), which requires any creditor using credit related information to assess the creditworthiness of an individual to consider any similar payment information the consumer puts forth to demonstrate their creditworthiness. Our patent-pending credit information gathering service allows consumers to record their monthly bill payment accounts, request verification of their payment history, and create a verified AMP Credit Report™ that meets all financial industry standards. The consumer can then share their AMP Credit Report™ and AMP Credit Rating™ with any potential creditor, service provider or employer. eCredable uses a unique AMP Credit Rating ™ that shows the consumer, and the potential creditor, where the consumer’s credit rating stands on a clear, straightforward scale of A to F. Our AMP Credit Rating™ provides a powerful tool to assist the consumer in understanding the importance of making payments on time. AMP stands for All My Payments. The company is headquartered in Alpharetta, Georgia.</p> 676eCredable Names Members to Advisory Boardhttps://ecredable.com/company-info/press-releases/postid/677/ecredable-names-members-to-advisory-boardGeneralThu, 28 Jul 2011 00:33:00 GMT<p>Atlanta, July 28, 2011: eCredable, an alternative credit service that helps consumers demonstrate their creditworthiness to potential creditors, today announced the creation of the eCredable Advisory Board, comprised of leading consumer advocates, banking and credit industry experts. The eight members of the board include:</p> <ul> <li> <p>William “Bill” Cheeks, President, ABBA Associates, and former vice president of consumer education for Equifax Inc.;</p> </li> <li> <p>Shon Dellinger, previously VP/GM for myFICO Consumer Direct and a Senior Director with Yodlee Inc., co-founder of My Rewards Tree;</p> </li> <li> <p>Ken Driskell, a 30-year veteran of community banking in Georgia, he was founder and CEO of First Colony Bank in Alpharetta, Georgia;</p> </li> <li> <p>Ilyce Glink, award-winning, nationally syndicated columnist and blogger, top-rated radio talk show host and bestselling author of real estate, business and consumer finance books;</p> </li> <li> <p>C. Gene Kirby, a management consultant who previously was President of NewAlliance Bank in Connecticut and Corporate Executive Vice President for SunTrust Banks Inc. and a former Chairman of the Consumer Bankers Association;</p> </li> <li> <p>Wendy Stahl, former senior executive with CreditCards.com, Sony Online, The Weather Channel, The Travel Channel, Comcast and NBC.</p> </li> <li> <p>Julie Stav, the leading financial advisor to the U.S.-Hispanic community. On her daily radio show and other national media platforms, Julie reaches millions of Hispanics to share her practical, life-changing financial advice.</p> </li> <li> <p>Dino Vasquez, an attorney practicing with the Washington State law firm of Karr Tuttle and Campbell.</p> </li> </ul> <p>Previously eCredable announced its new web-based services that gives consumers the power to establish creditworthiness with potential creditors, service providers or employers. At www.eCredable.com, consumers use their payment history not considered in traditional credit ratings and reports to establish an AMP Credit Rating™ and AMP Credit Report™ to reflect responsible payment behavior overlooked by traditional credit bureaus.</p> <p>The eCredable Advisory Board will meet regularly with the company’s senior management team and its partners to provide crucial guidance as eCredable builds name recognition across the United States as the leading provider of alternative credit information serving the “underbanked” population in America.</p> <p>"We are very proud that such an outstanding group of educators and executives have agreed to help eCredable achieve its goal of becoming the standard for alternative credit information in the United States,” said Steve Ely, CEO of eCredable and a former Equifax senior executive. “Their knowledge and insight will be invaluable to our team and partners as eCredable continues to grow its presence with both consumers and the credit granting community."</p> <p>For more information, please visit <a href="/">www.eCredable.com</a>.</p> <p><strong>About eCredable</strong></p> <p>eCredable is an alternative credit service that helps consumers demonstrate their creditworthiness to prospective creditors. Launched in 2009, eCredable allows creditors to comply with the Equal Credit Opportunity Act (ECOA), which requires any creditor using credit related information to assess the creditworthiness of an individual to consider any similar payment information the consumer puts forth to demonstrate their creditworthiness. Our patent-pending credit information gathering service allows consumers to record their monthly bill payment accounts, request verification of their payment history, and create a verified AMP Credit Report™ that meets all financial industry standards. The consumer can then share their AMP Credit Report™ and AMP Credit Rating™ with any potential creditor, service provider or employer. eCredable uses a unique AMP Credit Rating ™ that shows the consumer, and the potential creditor, where the consumer’s credit rating stands on a clear, straightforward scale of A to F. Our AMP Credit Rating™ provides a powerful tool to assist the consumer in understanding the importance of making payments on time. AMP stands for All My Payments. The company is headquartered in Alpharetta, Georgia.</p> 677eCredable Empowers Consumers To Show Creditworthinesshttps://ecredable.com/company-info/press-releases/postid/678/ecredable-empowers-consumers-to-show-creditworthinessGeneralWed, 13 Jul 2011 00:34:00 GMT<p>eCredable announced today it has launched new web-based services that give consumers the power to establish creditworthiness with potential creditors, service providers or employers. At <a href="/">www.eCredable.com</a>, consumers use their payment history not considered in traditional credit ratings and reports to establish a credit rating and create a credit report to reflect responsible payment behavior overlooked by traditional credit bureaus.</p> <p>Everyday, American consumers make regular payments to landlords, phone companies, utilities, even for alimony or child support, but none of that information is reported to the national credit bureaus, resulting in a large amount of information not being considered when assessing consumer credit. eCredable’s AMP Credit RatingTM and AMP Credit ReportTM (All My Payments) address this problem by automating the process of capturing these overlooked payments. According to the Equal Credit Opportunity Act, consumers have the right to present any information that demonstrates their creditworthiness when a potential creditor is using similar information to assess whether or not to extend credit. eCredable’s patent- pending techniques for automating the process of creating and analyzing this information has made it easily accessible to benefit both consumers and creditors.</p> <p>The eCredable team is led by Steve Ely, former president of Equifax Personal Information Solutions, who joined as CEO in early 2011. "Consumers have the right to make every payment count when they request credit from a lender, and now we’ve given them the power to make exercising that right easier,” Ely said.</p> <p>"Our services automate the age old process of producing paper documents to demonstrate you pay your bills on time – the ones that don’t go into the national credit bureaus,” he added. “Our AMP Credit Rating and AMP Credit Report empower anyone who has struggled to demonstrate their true creditworthiness to a potential creditor. Plus, they provide an easy way for the nearly 60 million adults in the United States who do not have established credit ratings to demonstrate their ability to make payments. These services are a tremendous help to this group of people, which includes recent immigrants, recently widowed or divorced women, recent college graduates, and students with jobs, among others."</p> <p>eCredable’s AMP Credit Rating is on a scale of A-F to make it easy for both the consumer and the creditor to understand. The eCredable.com website also includes financial education designed specifically for people who are just starting to build their credit history. A free eBook filled with educational information from eCredable is available at <a href="/resources/ebook">http://ecredable.com/resources/ebook</a> . Ely concludes: "eCredable's mission is to teach consumers that achieving creditworthiness is achievable, and our tools will help them along the way."</p> <p>For more information, please visit <a href="/">www.eCredable.com</a>.</p> <p><strong>About eCredable</strong></p> <p>eCredable is an alternative credit service that helps consumers demonstrate their creditworthiness to prospective creditors. Launched in 2009, eCredable allows creditors to comply with the Equal Credit Opportunity Act (ECOA), which requires any creditor using credit related information to assess the creditworthiness of an individual to consider any similar payment information the consumer puts forth to demonstrate their creditworthiness. Our patent-pending credit information gathering service allows consumers to record their monthly bill payment accounts, request verification of their payment history, and create a verified AMP Credit Report™ that meets all financial industry standards. The consumer can then share their AMP Credit Report™ and AMP Credit Rating™ with any potential creditor, service provider or employer. eCredable uses a unique AMP Credit Rating ™ that shows the consumer, and the potential creditor, where the consumer’s credit rating stands on a clear, straightforward scale of A to F. Our AMP Credit Rating™ provides a powerful tool to assist the consumer in understanding the importance of making payments on time. AMP stands for All My Payments. The company is headquartered in Alpharetta, Georgia.</p> 678